Kier Group (LON:KIE) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Kier Group plc (LON:KIE)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 205.83 and traded as high as GBX 225. Kier Group shares last traded at GBX 225, with a volume of 1,514,086 shares traded.

Analysts Set New Price Targets

Several analysts recently commented on the company. Berenberg Bank boosted their price target on Kier Group from GBX 225 to GBX 240 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Peel Hunt reaffirmed a “buy” rating and set a GBX 260 target price on shares of Kier Group in a report on Tuesday, December 2nd. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 240 target price on shares of Kier Group in a research report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 246.67.

Kier Group Price Performance

The company has a debt-to-equity ratio of 302.83, a current ratio of 0.88 and a quick ratio of 0.69. The stock has a 50 day simple moving average of GBX 217.95 and a two-hundred day simple moving average of GBX 205.83. The company has a market cap of £970.90 million, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14.

Kier Group (LON:KIE) last issued its earnings results on Tuesday, September 16th. The company reported GBX 21.60 earnings per share (EPS) for the quarter. Kier Group had a return on equity of 8.23% and a net margin of 1.09%. On average, equities research analysts predict that Kier Group plc will post 20.4913295 earnings per share for the current fiscal year.

Kier Group Company Profile

Kier Group is a leading infrastructure services, construction and property group based in the UK.

Our purpose is to sustainably deliver infrastructure which is vital to the UK with a vision is to be the UK’s leading infrastructure services and construction company.

We operate through three segments; Infrastructure Services, Construction and Property.